You could be right Goldrevolution but then you have to ask yourself for example why did Minamb issue the EIS last year or bring KRY back to the table in June and accept our proposal.

You have to remember the permit denial was NOT KRY specific and was initiated to review concessions country wide. This an excerpt of an article May 19. Remember VZ wants their hand in the cookie jar too as they already do with KRY's contract.

The Government started to prepare the ground for reversing the
mining production model that will be established in the country once it approves the new law to govern the sector.

This legal instrument will repeal the existing system of temporary
concessions and entrust the exploitation of minerals in joint
ventures, whose majority shareholding will be held by the State
Corporation Venezolana de Guayana.

The review was initiated one month ago of concessions granted by the Republic, the suspension of activities in some fields by orders of Mibam, and denial of release of Environment to grant new licences, show that private mining activity will be limited until the State is legally empowered to increase their participation.